norok

US Stock Market at critical Resistance

CME_MINI:ES1!   S&P 500 E-mini Futures
The US Stock Market (using the E-Mini Futures as a guage) are hitting key resistance this morning following the post-Brexit fall and rebound. If price holds here the downward movement will continue. If we break the resistance the market will go higher into the summer through July.

I am looking at hedged market plays with IWM and QQQ Options.

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